> And final one - managing capital is work! Knowing where to put your cash is work and it has a huge impact. Think how much of an impact can have somebody inves

> And final one - managing capital is work! Knowing where to put your cash is work and it has a huge impact. Think how much of an impact can have somebody investing billions in space exploration (Musk?), or aging, or cancer. There are plenty of big trends worth investing that will give humanity as whole immense benefits (just look at the past 100 years). Musky investing a billion dollars into a company the produces things isn't the issue. Musk would be taking a risk to build something that can reasonably fail. The issue is that (with our largely service based economy) many large capital holders simply charge rent and rent seeker have negligible risk compared to the owners of physical capital.